The opening day will also serve as the film's world premiere.
Directed by Lee, Life of Pi is based on Yann Martel's 2001 novel about a young boy named Pi (Suraj Sharma), who finds himself on a lifeboat with four animals after surviving a shipwreck.
The film also stars Tobey Maguire, Gerard Depardieu and Irrfan Khan.
Lee's last directorial effort was in 2009 with Taking Woodstock. He won 'Best Director' at the Oscars for Brokeback Mountain.
Life of Pi will arrive in theatres on November 21 in the US and December 21 in the UK.
Watch a teaser for Life of Pi below: