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This time, it's for real! Nicky Hilton is engaged to her boyfriend, banking heir James Rothschild, after he proposed during a vacation in Lake Como, Italy, last weekend.
"They are both really excited and incredibly happy," a source told Us Weekly of the pair.
The engagement caps off a three-year courtship for the high-rolling duo, who started dating in 2011 after meeting at supermodel Petra Ecclestone's wedding. Rothschild chose to propose near Ecclestone's wedding venue, which was just outside Rome, as a meaningful gesture.
See more: 10 Over the Top Places to Get Engaged
"They went on a romantic anniversary trip over the weekend," the source also told Us. "He took her out on a boat into the middle of Lake Como and he proposed, got down on one knee and everything. It was incredibly romantic and beautiful."
Not only is Rothschild sentimental, he was also traditional when it came to preparing to pop the question. "Last month, he actually flew from England (where he is based) to the States to ask her parents for her hand in marriage!" the Us source added.
With the engagement official, the hotel heiress and the scion of the famed European banking family are drinking in the joy of their betrothal. "They are going on a road trip now throughout Europe and celebrating," Us reported. They've already hit up romantic hotspots like Milan and Rome. Not a bad way to celebrate!
This will be the second wedding for Paris Hilton's younger sister — she famously had a quickie marriage with a childhood friend in 2004.