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 Milocer (pronounced [vîla mîl??t?e?r]) 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 tombolo. The resort in total contains 50 rooms, cottages, and suites on the island, and 8 grand suites at the Villa Milocer.