Given the task definition and input, reply with output. From the given sentence, extract the phrase (often noun or verb) that carries the given relationship. The generated phrase should be present in the sentence.

Given Relationship: 'be situate on', Sentence: 'The venue for HAKONE VIII is the Pajve Hotel situated on the beautiful bank of Pajve Lake about 3 km from Otep and 50 km from Tartu .'
situated