
<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   OTHER
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997
<PERIOD-START>                             JUL-01-1997             JUN-23-1997
<PERIOD-END>                               SEP-30-1997             SEP-30-1997
<CASH>                                          25,989                  25,989
<SECURITIES>                                         0                       0
<RECEIVABLES>                                   13,170                  13,170
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                               113,060                 113,060
<PP&E>                                       1,433,376               1,433,376
<DEPRECIATION>                                   9,268                  10,113
<TOTAL-ASSETS>                               1,295,638               1,295,638
<CURRENT-LIABILITIES>                           33,375                  33,375
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           387                     387
<OTHER-SE>                                     195,094                 195,094
<TOTAL-LIABILITY-AND-EQUITY>                 1,295,638               1,295,638
<SALES>                                         59,251                  64,253
<TOTAL-REVENUES>                                62,989                  68,353
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                                43,427                  47,261
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                              14,719                  16,091
<INCOME-PRETAX>                                      0                       0
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                             13,780                  14,854
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                   (58)                   7,925
<CHANGES>                                            0                       0
<NET-INCOME>                                    13,722                  22,779
<EPS-PRIMARY>                                      .36                     .59
<EPS-DILUTED>                                        0                       0
        

</TABLE>
