Cleveland Cavaliers owner Dan Gilbert was hospitalized Sunday after experiencing stroke-like symptoms, according to a statement released by Quicken Loans, the company Gilbert founded and chairs.

The company's statement did not indicate where Gilbert was hospitalized, but The Detroit News reported that he was admitted to Beaumont Hospital, Royal Oak in suburban Detroit.

"Early this morning, Dan Gilbert sought care at a local hospital after experiencing stroke-like symptoms," Quicken Loans said in the statement. "He received immediate medical attention and is currently recovering comfortably. Our collective thoughts and prayers are with Dan for a speedy recovery. The Gilbert family respectfully requests privacy at this time."

Gilbert, 57, has owned the Cavaliers since March 2005. Under his stewardship, Cleveland has made five NBA Finals and won the title in 2016.