Paris Hilton Engaged to Greek Shipping Heir

UPDATED 05/30/2005 at 05:40 PM EDT Originally published 05/30/2005 at 05:00 PM EDT

Paris Hilton Engaged to Greek Shipping Heir
Paris Hilton and Paris Latsis
Paris Hilton is engaged to her boyfriend of five months, Greek shipping heir Paris Latsis. Hilton’s spokesman, Rob Shuter, tells PEOPLE: “They are happy and excited.”

Latsis proposed on Wednesday, the day Hilton, 24, returned home to Los Angeles after a three-week trip to Europe, where she promoted her thriller House of Wax and her new fragrance.

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The couple celebrated Sunday with a barbecue for 75 friends and family at the Hollywood Hills home they share.

"I'm very in love – he's the one," Hilton told PEOPLE earlier this month. "I want to have kids in the next two years, because I know that completes your life."

No date has been set for the wedding. This will be the first marriage for both.

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