Hotel Island Sveti Stefan - famous hotel island Sveti Stefan located at the Adriatic coast. Milocer, Montenegro. Sveti Stefan is connected by a dam to the city of Milocer and is famous for being a picture book motive of the montenigrinian coast. It is a very exclusive hotel in which famous guests and stars did and still do rest their heads. It is also a very famous sight for tourists and is commercialized accordingly.