updated 01/04/2011 AT 10:00 AM ET
•originally published 01/04/2011 AT 10:45 AM ET
In true Cougar style, Vivica A. Fox is engaged to Atlanta club promoter Omar “Slim” White.
The actress, 46, who starred in the reality show, The Cougar, received an eight-karat diamond ring from White, 27, over the holidays.
“We did get engaged on Dec. 26,” Fox tells PEOPLE. “And we are very happy!”
“She is over the moon – so excited, so in love,” a source close to Fox tells PEOPLE. “She got the ring while they were staying at Ritz-Carlton, South Beach, over the holidays.”
Fox and White, who have been dating more than a year, spent two romantic nights at the oceanfront hotel where they dined, went to the gym and walked along the beach.