Paris Hilton is exchanging “Hills” in Los Angeles.  The socialite is moving out of her Hollywood Hills home and into a new home she just purchased in Beverly Hills within the exclusive Mulholland estates.

The new place, built in 1991, is said to offer more privacy, as well as five bedrooms, 5½ bathrooms and a fitness room that Hilton intends to convert into a shoe closet, her uncle and real-estate agent, Mauricio Umansky of Hilton & Hyland (which is affiliated with Christie’s Great Estates), tells the paper.

I am sure her new neighbors are thrilled with the arrival of their new neighbor.  Real estate agents are leaving dozens of fliers and business cards in the neighborhood as we speak.

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