Andaz Wall Street will be followed by Andaz San Diego next month and a second New York hotel, Andaz 5th Avenue, is due to open later this year in what is currently the Ivy Hotel.
The 253-room Andaz Wall Street, designed by the Rockwell Group, will be the first hotel built on the famous financial street.
The property, with interiors boasting bamboo, marble and stone features, will include the Wall & Water restaurant, The Spa and Bar Seven Five.
It will also offer five Andaz Studio meeting spaces, which aim to create a homely ambience with comfortable furniture and communal kitchens.
The Andaz brand was launched in November 2007 with the opening of Andaz Liverpool Street in London and this was followed by Andaz West Hollwood in January 2009.