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Nicky Hilton gets engaged on Italian excursion

Sarah grew up in Monterey, CA and now lives in Los Angeles. When she's not writing, you can find her enjoying a good book, fine wine, sunflowers and long walks on the beach.

Banking heir pops question to Nicky Hilton at George Clooney's favorite vacation spot

Hotel heiress Nicky Hilton is off the market!

5 Reasons Paris Hilton's new video is awesomely bad >>

European banking heir, James Rothschild, reportedly proposed to Hilton last weekend during the couple's trip to commemorate three years together, a source told Us Weekly. "They are both really excited and incredibly happy," the insider told the magazine.

Rothschild popped the question in Lake Como, Italy, which also just happens to be where soon-to-be-married George Clooney owns an estate and loves to visit. The picturesque Italian setting is where Rothschild and Hilton met during model Petra Ecclestone's nuptials to James Stunt in 2011. "They went on a romantic anniversary trip over the weekend," the source told Us. "He took her out on a boat in the middle of Lake Como and he proposed, got down on one knee and everything. It was incredibly romantic and beautiful."

The friend close to the couple also revealed that Rothschild worked hard to make sure conditions were perfect for his proposal, going the traditional route and ensuring he had the blessing of the parents of his bride-to-be. "Last month he actually flew from England to the States to ask her parents for her hand in marriage!" the source said, also adding that the the two would be continuing their celebration by road-tripping through Italy.

Though Hilton and Rothschild have yet to give an official statement about their engagement, Paris' baby sister has been busy chronicling her Italian adventures with her new fiancé on Instagram. Hilton, who recently penned a book on fashion, titled 365 Style, has posted a handful of photos of herself enjoying the gorgeous landscapes and she kicked off the journey with a wind-blown photo, captioned "Italian road trip begins!"

In one photo, captioned "Road trip continues..." Hilton is even sporting a conspicuously naked left ring finger.

Immediately prior to beginning her relationship with Rothschild, Hilton dated David Katzenberg for four years. Katzenberg is the son of Hollywood producer and CEO of DreamWorks Animation, Jeffrey Katzenberg. The couple split in July of 2011.

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