The Castle was purchased by a Berlin business- man, Mr. Louis Ravené, for 300 gold Deutsche marks (equivlant to 500 Euro) in 1868. The entire structure was rebuilt in the then popular Neo-Gothic architectural style. This style corresponded to the romantic ideals in vogue in Germany in the 19th century. The trend at the time throughout Germany was for nobility or other wealthy persons to purchase and refurbish castle ruins as family summer residences. The Ravené family followed this trend and used the castle as a family summer residence.
Today the castle is still well-equipped with Renaissance and Baroque furniture, which was carefully collected by the Ravené family. Since 1978 the castle has been owned by the town of Cochem and is run by “Reichsburg Cochem Ltd.” Cochem Castle, situated on an outstanding hill more than 100 metres above the river Moselle, is a popular tourist attraction.