THE struggling Maryborough economy forced the Shamrock Hotel to close its doors - but owner William Hamilton is hoping the business may reopen if the region's economic outlook turns around in the near future.
Rumours had been circulating as to why the hotel had closed down, with some suggesting that the business might have been the victim of theft or fraud.
But Mr Hamilton said those reports were false and described the finances of the business as being "very tightly controlled", with weekly checks and balances taking place.
"It will be impossible for anybody to take anything," he said.
Mr Hamilton said it was the cost of wages that had forced the hotel to close.
He said he understood that the people of Maryborough didn't necessarily have the money to spend going out to a pub regularly.
Mr Hamilton said he might sell the business sometime in the future, but if the economy began to improve in Maryborough, he would also look at reopening the business.
"I like Maryborough," he said.
"I like the people."
Maryborough Chamber of Commerce president Craig Winters said businesses in Maryborough were doing it tough and it took time for the economy to improve.
He urged business owners to research carefully when making decisions regarding whether their business was going to be viable.
"It will eventually come back, everything does," Mr Winter said of the economy.