According to Serbian Economist, the Sveti Stefan complex in Montenegro is set to open no later than June 2026 as part of preparations to resolve the dispute between the state and Adriatic Properties. This was reported by Montenegrin media.
According to the published terms, the parties are to waive mutual claims in the arbitration proceedings, allowing Montenegro to avoid potential losses amounting to over €100 million. An extension of the lease for a period comparable to the time during which the complex was not operational is also being discussed.
Additionally, the agreement provides for the resolution of disputes regarding lease payments, and the state is to receive a profit share of approximately 10% annually. At the same time, the authorities confirmed that no additional construction beyond the already approved parameters is planned in Miločer Park.
Meanwhile, the complex’s operator, Aman, and the tenant, Adriatic Properties, have announced their readiness to resume operations by the 2026 summer tourist season, effectively returning one of the region’s key luxury assets to the market.
Sveti Stefan remains one of the symbols of Montenegro’s tourism industry, and its closure in recent years has negatively impacted the premium segment and the destination’s overall image.
It is worth noting separately that Serbian tennis player Novak Djokovic was previously involved in the project. He served as the official promoter of Sveti Stefan following its renovation and reopening under the Aman brand, participating in the resort’s international promotion.
