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If there's one thing going well for Holly Madison, it's her love life! Life & Style can exclusively reveal she's dating Jesse Waits, a managing partner of XS nightclub in Las Vegas. "She's in one of the happiest relationships she's ever been in," a source close to Holly reveals to Life & Style. Jesse, who coincidentally dated Holly's Holly World co-star Jayde Nicole, is the brother of Paris Hilton's boyfriend, Cy Waits.

"Holly and Jesse have been quietly dating for months now," the source tells Life & Style." Jesse is a really great guy and makes Holly happy." A rep for the Peepshow star confirmed that Holly is indeed dating.

And although her former boyfriend Hugh Hefner is going through a tough breakup up with his ex-fiancée, Crystal Harris, things could not be going any better for Holly. "Holly is, of course, concerned about Hef, but as a friend and not in a romantic way," the source adds. "That chapter of her life is closed."

Holly ended her relationship with Jack Barakat in March, after dating the All Time Low guitarist for 10 months