Operating reserve
Protects day-to-day property operations through low-occupancy months.
Financial Architecture
MONEY FROM REAL GUESTS.
Maharlika is a hospitality operating business. Distributions can only ever come from real bookings, real guests and real operations — never from recruiting more Founders.
Proposed model. All financial terms are subject to final legal and regulatory approval.
Property Cash Flow Waterfall
Distributable cash flow is what remains — not what is targeted.
Every peso of guest revenue passes through the same waterfall before any distribution is even considered.
GROSS RENTAL REVENUE
LESS approved deductions
= DISTRIBUTABLE PROPERTY CASH FLOW
- OTA / payment commissions
- Direct booking costs
- Housekeeping
- Laundry
- Utilities
- Property payroll
- Guest supplies
- Pool maintenance
- Landscaping
- Repairs
- Insurance
- Licenses
- Taxes
- Marketing
- Management fee
- Capital replacement reserve
- Other approved operating expenses
Reserve Protection
Reserves are funded before Founders are paid.
Founder distributions must never automatically consume money required for safe property operations.
Maintenance reserve
Funds routine and preventive maintenance before any distribution is considered.
Capital replacement reserve
Roofing, pool systems, aircon, furniture and equipment replacement cycles.
Emergency reserve
Typhoon, damage, interruption and other unbudgeted events.
Tax reserve
Ring-fenced for assessed and accruing tax obligations.
Distribution Approval
Ten controlled steps. No shortcuts.
- 01Property manager closes the month
- 02Finance reviews
- 03Expenses verified
- 04Reserves funded
- 05Distributable cash flow determined
- 06Board / authorised manager approves distribution
- 07Founder distribution record created
- 08Cap check
- 09Payment processing
- 10Audit record locked
Accounting Separation
New Founder capital is never rental income.
Eight separate ledgers make the source of every distribution auditable. Restricted development funds are never silently moved between destinations.
Founder capital / offering proceeds
Capital received from Founders. Never classified as rental income under any condition.
Property development funds
Restricted by destination. Never silently moved between developments.
Guest rental revenue
The only ledger that can source a property distribution.
Operating expenses
Verified, documented and attributable to a property.
Management revenue
Management fees earned by the operating company.
Reserves
Operating, maintenance, capital replacement, emergency and tax.
Founder distributions
Approved, cap-checked and traceable to a source ledger.
Affiliate booking commissions
Booking referrals only. No recruitment commissions.
Restricted development ledgers by destination
Maharlika TanayMaharlika AlfonsoMaharlika AmadeoMaharlika SilangMaharlika Mendez
Capitalization Dashboard
Where Founding capital sits at all times.
- Total Founder positions (100 maximum)
- Capital committed
- Capital received
- Capital deployed
Capital deployment categories
- Land acquisition
- Construction
- Furniture & equipment
- Pre-opening
- Marketing
- Working capital
- Operating reserve
- Contingency
- Unallocated capital
Founding 100 Scenario
Full-subscription exposure, modelled openly.
An internal management scenario at 100 subscribed positions. Illustrative only — not a projection and not a guarantee.
| Programme | Positions | Capital | Annual target exposure | Maximum cumulative cap |
|---|---|---|---|---|
| Maharlika Founding Member | 50 × $25,000 | $1,250,000 | 50 × $2,500 = $125,000 | $2,500,000 |
| Maharlika Founding Legacy | 50 × $30,000 | $1,500,000 | 50 × $3,600 = $180,000 | $3,000,000 |
| Total | 100 | $2,750,000 | $305,000 | $5,500,000 |
The $5,500,000 figure is a contractual ceiling under the proposed model — not a guaranteed payout, not a projection, and not an expected return.
Target distribution coverage ratio
COVERAGE = DISTRIBUTABLE CASH FLOW ÷ TARGET FOUNDER DISTRIBUTIONS
Thresholds are configurable by authorised administrators and are management indicators only.
- Distributable cash flow
- $500,000
- Target distributions
- $305,000
1.64x
Healthy
- Strong — 2.00x and above
- Healthy — 1.50x and above
- Watch — 1.20x and above
- High risk — 1.00x and above
- Target not covered — below 1.00x
Free-Stay Economics
Complimentary nights are never costed at zero.
Five complimentary nights per qualifying year carry real housekeeping, utility, supply and lost-inventory cost. Each is tracked as a liability.
- Founder stay nights
- Lost sellable nights
- Housekeeping cost
- Utilities
- Guest supplies
- Opportunity cost
Stay protection controls
- Blackout dates
- Founder inventory limits
- Weekday preference
- Advance booking windows
- Maximum consecutive complimentary nights
- Unused-night expiration rules
- Discounted paid extensions after the complimentary stay
Complimentary nights remain subject to availability, Founder booking rules, blackout periods and designated Founder inventory.
Maharlika Financial Health
A red-team view before any distribution is approved.
Management is warned before approving distributions that could materially weaken property liquidity.
Cash on hand
Operating runway
Occupancy
ADR
RevPAR
Net operating cash flow
Distribution coverage
Debt service coverage
Maintenance reserve
Capital replacement reserve
Founder distribution exposure
Complimentary stay liability
Development commitments
Important disclosure
Target distribution rates are planning targets only. No payable is created merely because a period has elapsed.
Coverage thresholds are configurable management indicators, not investment guarantees.
All financial terms are subject to final legal and regulatory approval.