Sveti Stefan is a small islet and 5-star hotel resort on the Adriatic coast of Montenegro, approximately 6 kilometres (3.7 mi) southeast of Budva. The resort is known commercially as Aman Sveti Stefan and includes part of the mainland, where the Villa Miločer is located. The hotel is now a 5-star franchise of the international group of Aman Resorts, completed in 2009 and operating under a 30-year lease.
Sveti Stefan was an island but is now connected to the mainland by a narrow isthmus. The resort in total contains 50 rooms, cottages, and suites on the island, and 8 grand suites at the Villa Miločer.