Cavaliers owner Dan Gilbert is doing as well as can be expected after suffering a stroke on Sunday, Quicken Loans and Rock Holdings vice chairman Bill Emerson said Wednesday.

Taking Gilbert’s place as the keynote speaker at the Detroit Regional Chamber’s Mackinac Policy Conference, Emerson said he saw Gilbert at noon on Monday, according to the Detroit Free Press, and that Gilbert was “awake” and “responsive.”

“We’re literally 72 hours from Dan having a stroke," Emerson said at the Grand Hotel on Mackinac Island, according to the newspaper. “I talked with him. He knew I was there. He knew what I was talking about.

“He’s doing as well as he can be doing. He is one tough human being, and he will come back as fast and as strong as anybody can in this particular situation.”

Gilbert, 57, was taken to the hospital by a family friend Sunday morning and suffered a stroke there, according to a statement from Quicken Loans CEO Jay Farner Monday night. Gilbert immediately underwent a catheter-based procedure.

Also CEO of Gilbert's Bedrock real estate arm, Emerson said Gilbert will take a hiatus, but assured those concerned about his business holdings and efforts to revitalize Detroit that they have nothing to fear.

"He’s a firm believer in talent and he has built an incredible team," Emerson said, according to the Free Press. "If there’s anybody out there that’s concerned that business isn’t going to happen as usual, they should stop being concerned about that.

“We have years of work to do. Dan has created a culture. ... We know what the mission is, we know what to do, we’re executing on that mission.”

Marla Ridenour can be reached at mridenour@thebeaconjournal.com. Read the Cavs blog at www.ohio.com/cavs. Follow her on Twitter at www.twitter.com/MRidenourABJ.