Every day is a new Discovery, this is the tagline with which we conclude some of our presentations and it perfectly represents the underlying concept behind the everyday activities of Discovery Hotel Management properties, encompassing guests and clients, staff and investors. We have expanded rapidly, always seeking to provide outstanding excellence in a healthy and relaxed manner, ensuring across-the-boards and universal quality, while simultaneously ensuring sustainability and integration into the context of each location.
Over the course of 4 years of operations, we have invested around 40 million euros to renovate and reopen hotels and resorts owned by the Discovery Portugal Fund and the results have exceeded our expectations. We have gone from revenues of 4 million euros to over 40 million euros, growing more than 40% last year alone. The properties we have renovated, where we made substantial investment, have more than doubled their revenues and we have achieved a paradigm shift in terms of tourism in Portugal, changing perceptions of being a low-cost, low quality destination to a unique, highquality experience, recognized and sought out by the most demanding of tourists, with high purchasing power.
We have no intention of tapering our pace of investment, renovation and development and we will continue to bring innovation, differentiation and quality to the market in every sphere in which we operate. The two hotels which are currently being renovated and will shortly be part of our DHM portfolio this year itself, are a good example, but we will also continue to actively bring prestigious international brands renowned for their quality to our properties and to Portugal. We are improving and expanding our selection of Villas & Apartments and generally investing in hotels to improve our offering, with the hallmark quality for which we are renowned and which has produced such excellent results.
All this has only been possible because we have partners, investors and financiers who believe in us and, above all, it is thanks to our people, the magnificent team which makes up this universe and the contribution of each and every one of them. Equally important are our partners: architects, designers and project managers. My sincere thanks to all.