Alivia Hospitality,
Sveti Stefan
A luxury boutique condo hotel overlooking Montenegro’s most iconic coastal landmark — Sveti Stefan. A collection of 47 boutique suites offering panoramic sea views, private beach access, and a refined Mediterranean lifestyle.
Delivery Q4 2026
Adriatic Boutique Living
Montenegro’s Exclusive Retreat
Smokva Bay is an innovative resort development project located on one of the cleanest stretches of Montenegro’s Adriatic coastline. Designed as a year-round destination, it combines a five-star resort, branded a, a marina, and leisure areas within a unified community.
Mereha Developments oversees the investment structure, development, and location strategy, transforming Smokva Bay into one of the most distinctive coastal destinations in the Balkans.
Sveti Stefan, Montenegro
7,300 м²
Q4 2026 / 2027
3,547 м²
47 suites, 38–49 м² each
Fully titled condo-hotel suites
Under selection (boutique / soft luxury brand)
Where the Adriatic
Meets Elegance
Sense of Place
Defined by Heritage and Horizon
The masterplan embraces Sveti Stefan’s hillside setting and panoramic sea views, creating a boutique resort that celebrates landscape, heritage, and design.
Each suite faces the Adriatic, blending interior comfort with outdoor living through terraced architecture and natural materials — a modern reflection of Montenegro’s coastal spirit.
Development Concept
Oceanview Privacy Meets Adriatic Lifestyle
Alivia Boutique Suites blends the intimacy of a private residence with the sophistication of a five-star resort.
Designed for both leisure travelers and long-stay residents, the project offers professional hospitality management, wellness-focused amenities, and flexible ownership models that combine yield and lifestyle use.
47 sea-facing residences combining elegant interiors, natural materials, and expansive terraces with unobstructed ocean views.
A 500 m² wellness spa, gym, and outdoor infinity pool designed around tranquility and holistic well-being.
A 350 m² signature restaurant and bar offering Mediterranean cuisine and curated private dining experiences.
Private pedestrian tunnel leading to the beach and forest walk — linking privacy with coastal exploration.
Prime Location: Overlooking Aman Sveti Stefan.
Flexible Ownership: Personal use + rental income.
Timing Advantage: Completion in 2026.
Professional Operation: Managed by boutique brand.
Mereha Developments is exclusively mandated to identify equity partners for the Alivia Boutique Suites project. With Montenegro’s growing luxury segment and the limited boutique supply in Sveti Stefan, the development offers a unique investment window combining scarcity, strong tourism growth, and institutional-grade structuring.
Investment & Development Strategy
A Rare Investment Opportunity in Montenegro’s Luxury Market
Sustainability
Building with Respect for Heritage and Nature
The Alivia project embodies sustainability and respect for its surroundings. Its architecture integrates with the hillside, reducing environmental impact while connecting landscape and design. Local materials and craftsmanship celebrate Montenegro’s cultural identity with authentic detail.
Energy-efficient systems and smart water management ensure responsible operation, while a car-light masterplan encourages walkability and harmony with the natural environment — creating a resort that lives in balance with its setting.
Project Timeline
Key Milestones
The development of Alivia Boutique Suites follows a clear and disciplined timeline — from early concept definition and permitting to construction and brand integration. Each stage reflects Mereha Developments' commitment to precision, destination quality, and long-term value creation.
Discover More
Related Projects
A modern condo-hotel managed by IHG Crowne Plaza in the heart of Kolašin. The project combines a wellness concept, premium service, and energy efficiency, offering owners stable income and government-backed security.
Smokva Bay is an under-development luxury resort located in the prime coastal destination of Rezevici, situated between the popular Montenegrin towns of Budva and Petrovac. This 20-hectare freehold site boasts 1.5km of pristine coastline and panoramic open sea views.