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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.
The first priority is to stop deterioration and establish lawful control of the fitted asset, information, access, vendors, and life-safety conditions. From there we compare secure vacancy, limited continuity, interim operation, management agreement, and replacement-tenant scenarios against risk, cost, licensing, guest impact, and likely time to re-lease.
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.
Secure premises, keys, systems, utilities, records, cash, food, equipment, licenses, vendors, and life-safety conditions after vacancy or default.
Document assets, condition, ownership, liens, leases, warranties, inventory, perishables, maintenance, sanitation, and immediate deterioration risks.
Assess lawful options for secure vacancy, limited service, interim operation, management agreement, receivership support, or replacement tenancy.
Coordinate insurance, security, fire, health, utilities, pest, waste, alcohol, occupancy, employment, and license obligations with qualified advisers.
Stabilize staffing, menus, purchasing, systems, food safety, customer commitments, and hotel or mixed-use continuity where operation continues.
Prepare the fitted space, records, diligence, operating requirements, and controlled handoff for the next tenant, operator, or sale.
Details that protect the work
What clients cannot afford to discover too late.
Requirements vary by jurisdiction and operating model. We identify the dependencies early, assign ownership, maintain the evidence, and coordinate licensed specialists wherever professional authority is required.
Verify assignment and transfer rules for leases, contracts, employees, licenses, permits, data, intellectual property, warranties, and customer obligations.
Control confidentiality, records, representations, approvals, conditions, third-party consents, diligence evidence, and decision authority.
Plan the operational handoff so people, vendors, systems, inventory, cash, safety, customers, and compliance do not fall between parties.
When to bring us in
Before a decision.
During a transition.
When performance slips.
Build or launch
Get the structure, economics, people, systems, and controls right before opening or expansion.
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