<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF JAMESON INN FOR THE THREE MONTHS ENDED DECEMBER 31, 1997
AND FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   YEAR  
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997
<PERIOD-START>                             OCT-01-1997             JAN-01-1997
<PERIOD-END>                               DEC-31-1997             DEC-31-1997
<CASH>                                         338,581                 338,581
<SECURITIES>                                         0                       0
<RECEIVABLES>                                1,457,672               1,457,672
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                             1,893,038               1,893,038
<PP&E>                                     117,515,375             117,515,375
<DEPRECIATION>                             (12,584,189)            (12,584,189)
<TOTAL-ASSETS>                             104,931,186             104,931,186
<CURRENT-LIABILITIES>                        2,819,926               2,819,926
<BONDS>                                     29,624,889              29,624,889
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                       977,408                 977,408
<OTHER-SE>                                  74,183,473              74,183,473
<TOTAL-LIABILITY-AND-EQUITY>               107,605,696             107,605,696
<SALES>                                      3,434,103              12,966,185
<TOTAL-REVENUES>                             3,434,103              12,966,185
<CGS>                                          319,719               1,106,792
<TOTAL-COSTS>                                  319,719               1,106,792
<OTHER-EXPENSES>                               182,935                 444,908
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             282,228                 777,718
<INCOME-PRETAX>                              1,482,939               6,595,132
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                          1,482,939               6,595,132
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                 689,542
<CHANGES>                                            0                       0
<NET-INCOME>                                 1,482,939               5,905,590
<EPS-PRIMARY>                                      .15                     .64
<EPS-DILUTED>                                      .15                     .63
        

</TABLE>