
<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF FLAGSTAR COMPANIES, INC. AS CONTAINED IN ITS FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                             DEC-31-1996
<PERIOD-END>                                  MAR-31-1996
<CASH>                                         162,190
<SECURITIES>                                         0
<RECEIVABLES>                                   29,195
<ALLOWANCES>                                     2,376
<INVENTORY>                                     31,676
<CURRENT-ASSETS>                               255,802
<PP&E>                                       1,739,539
<DEPRECIATION>                                 660,138
<TOTAL-ASSETS>                               1,451,672
<CURRENT-LIABILITIES>                          395,987
<BONDS>                                      1,990,008
<COMMON>                                        21,185
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        630
<OTHER-SE>                                  (1,183,646)
<TOTAL-LIABILITY-AND-EQUITY>                 1,451,672
<SALES>                                              0
<TOTAL-REVENUES>                               550,425
<CGS>                                                0
<TOTAL-COSTS>                                  522,939
<OTHER-EXPENSES>                                   (26)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              57,712
<INCOME-PRETAX>                                (30,200)
<INCOME-TAX>                                    (2,890)
<INCOME-CONTINUING>                            (27,310)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (27,310)
<EPS-PRIMARY>                                     (.73)
<EPS-DILUTED>                                     (.73)
        


</TABLE>
