Graz is the second-largest city in Austria after Vienna and the capital of the federal state of Styria (Steiermark).
Graz is situated on the Mur River in the southeast of Austria. It is about 200 km (120 mi) southwest of Vienna. The nearest larger urban center is Maribor in Slovenia which is about 50 km (31 mi) away. Graz is the capital and largest city in Styria, a green and heavily forested area.
Due to its position southeast of the Alps, Graz is shielded from the prevailing westerly winds that bring weather fronts in from the North Atlantic to northwestern and central Europe. The weather in Graz is thus influenced by the Mediterranean, and it has more hours of sunshine per year than Vienna or Salzburg and also less wind or rain. Graz lies in a basin that is only open to the south, causing the climate to be warmer than would be expected at that latitude. Plants are found in Graz that normally grow much further south.
In 1999, Graz was added to the UNESCO list of World Cultural Heritage Sites, and the site was extended in 2010 by Schloss Eggenberg. Graz was sole Cultural Capital of Europe for 2003 and got the title of a City of Culinary Delights in 2008.
The hotel is leased in the long term and offers an attractive yield of 7% of the invested capital. In addition the investor generates the increase of property.