Paris Hilton has ended her five-month engagement to a Greek shipping heir, according to a published report.

The celebutante-turned-model broke off the wedding plans with Paris Latsis, according to a report posted Friday on Us Weekly's Web site, which quoted a statement it said Hilton released to the magazine.

"I'm sad to announce that I've called off my engagement. Over the last couple months I've realized that this is the right decision for me. We remain best of friends, and I'll always love him. I hope people will respect my privacy during this emotional time," Hilton told the magazine.

Hilton's publicist did not immediately return a call from The Associated Press.

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