Build or launch
Get the structure, economics, people, systems, and controls right before opening or expansion.
Interim Operating Agreements
U.S.-based · Global reach
Landlord & Vacancy Management
A vacant or defaulted hospitality space can lose value quickly through interrupted service, unsecured equipment, failed utilities, sanitation issues, lost operating knowledge, and a long tenant search. Cole can rapidly assess the asset, protect the premises, organize records and vendors, evaluate a compliant interim operating agreement, maintain or restart appropriate services, and prepare a controlled transition to the next qualified operator.
What this work is designed to deliverProtected fitted assets, preserved operating readiness, potential interim continuity, and a stronger handoff to the next tenant or operator.
Discuss this capability How we help
Senior expertise.
Practical execution.
A vacant or defaulted hospitality space can lose value quickly through interrupted service, unsecured equipment, failed utilities, sanitation issues, lost operating knowledge, and a long tenant search. Cole can rapidly assess the asset, protect the premises, organize records and vendors, evaluate a compliant interim operating agreement, maintain or restart appropriate services, and prepare a controlled transition to the next qualified operator.
Our operating approachNo seagull management. We can enter at the diagnostic, planning, implementation, stabilization, or ongoing-advisory stage—and remain accountable through execution, adoption, and a sustainable handoff.
Assess the lease event, physical space, equipment, inventory, utilities, licenses, staffing, contracts, and immediate risks.
Secure assets, records, access, cash controls, food-safety conditions, and critical vendor relationships.
Define the compliant interim operating structure with the landlord and appropriately licensed legal, insurance, and regulatory professionals.
Stabilize or restart food-service operations where commercially and legally appropriate, including staffing, menus, purchasing, and daily controls.
Preserve guest and hotel continuity while limiting loss, deterioration, reputational damage, and avoidable carrying cost.
Prepare the operation, documentation, and handoff package for a qualified replacement tenant, operator, or management partner.
When to bring us in
Before a decision.
During a transition.
When performance slips.
Fix or stabilize
Step into an urgent gap, stop leakage, restore accountability, and protect the business.
Improve or grow
Strengthen the operating platform before scaling, transacting, refinancing, or adding leadership.
Flexible engagement
Focused project
A defined issue, deliverable, timeline, and implementation plan.
Fractional leadership
Hands-on senior ownership without adding a permanent full-time executive.
Ongoing advisory
Regular operating review, decision support, accountability, and governance.
Cole provides hospitality operating, transaction-preparation, and coordination support. Legal, real-estate brokerage, lending, securities, tax, and other regulated services are performed by appropriately licensed professionals where required.
Step in where it matters