Schloss Hollenburg was built on a rock of the northern slope of the Drava valley, 561 metres above sea level. It was of strategical importance due to its location at a Drava river crossing and the road to the Loibl Pass and the March of Carniola.
In 1514 the Habsburg emperor Maximilian I, stuck in the War of the League of Cambrai against Venice and highly indebted, sold Hollenburg to Lord Siegmund of Dietrichstein, elevating him to the rank of a Freiherr (Baron). The House of Dietrichstein had the castle rebuilt in a Renaissance style, finished in 1588. The Dietrichsteins held the castle until the extinction of the branch in 1861; it was then acquired by the Wittgenstein family in 1913.
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