In 1545, the Protestant Khevenhüller noble family had acquired the lands of Landskron and Velden, where Bartlmä Khevenhüller (1539–1613) from 1585 had a Renaissance manor house built.
His descendants were expelled from the Habsburg lands in the course of the Counter-Reformation in 1639, whereafter the castle fell to the noble House of Dietrichstein. Decayed and demolished by a fire, it was rebuilt in 1892 as a hotel called Schloss Velden.